The EURJPY tests the resistance again – Analysis – 22-5-2019
Economies.com
2019-05-22 07:37AM UTC
The EURJPY pair tested 123.50 resistance to notice providing new negative close and reinforce our negative overview for the upcoming period, expecting to gather additional negative momentum to decline towards 122.00, waiting to break this obstacle to manage to record new negative targets by reaching 121.20 and 120.30 levels.
We should note that attempting to rally above the current resistance will postpone the negative attack and force the price to build correctional bullish trades that might push to reach 124.30 initially.
The expected trading range for today is between 123.50 and 122.00
The expected trend for today: Bearish
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